China’s relentless e-commerce price war leaves sellers struggling

Transcript

00:00Chinese e-commerce sellers are fighting for survival as their sales are slowing down.

00:05Competition across shopping platforms is getting more fierce, and consumers are becoming more

00:10cost-conscious.

00:12According to an e-commerce operator located in Shanghai, who sells common goods to small

00:17vendors, stated that the good times for e-commerce are over.

00:21However, as the economy slows, e-commerce also slows, according to data from Euromonitor.

00:28The double-digit growth of recent years is expected to be replaced by single-digit growth.